Financial Benefits Businesses using strategic-management conc | ProActiveLeadership

Financial Benefits

Businesses using strategic-management concepts show significant improvement in sales, profitability, and productivity compared to firms without systematic planning activities.

High-performing firms tend to do systematic planning to prepare for future fluctuations in their external and internal environments.

Firms with planning systems more closely resembling strategic-management theory generally exhibit superior long-term financial performance relative to their industry.

High-performing firms seem to make more informed decisions with good anticipation of both short- and long-term consequences.